I’m in somewhat the same boat, but luckily my wife understands the turmoil going on in the re market. We are renting in La Jolla, and she wants to paint the walls. I told her no way. It’s bad enough that we will probably have to replace the rugs (2 poorly trained dogs + very low end carpet which stains from anything getting on it)….
Anyway – she understands. But this Sunday’s paper showed a 12% drop in the south counties, but a 0% drop in the coastal central, that doesn’t look like a crash to me… I know that median prices are not a good measure, but where is the data? Why isn’t La Jolla and Carmel Valley not dropping according to the median? It sure looks to me that there are drops, but why is the price the same as last year?
